I'm someone who's very new to btc. I started investing last week. Last week I purchased some amount of BTC at $49k and sold them this week at $57k. I was planning to do the same thing for this week. What I really did, was that I checked the trends, and the price of btc used to go up during the weekdays and go down during the weekends, so I bought it when it was at its lowest (in the week), and sold them on Friday (a considerably higher price).
But the price of a btc at the moment is $59500. I wanted to ask you all for suggestions here. Should I purchase some btc now or should I wait for the price to drop? I want to hold for cycles of 1-2 weeks at a time.
Will btc go up from what it is at the moment in the next 1-2 weeks? If yes, what price would it be (just make a guess/prediction) by the end of the week/2 weeks?
never rely on Trending because that is not true mate, never trust weekend high and weekdays low or the vice versa because market will go up when when its Ready and will go down when it's time.
Since you are new in this market , best to be ready for Long or semi long term holding because there will be a chance that the price will drop suddenly while you have just purchase your coin so better be ready or become a loser.
I hate seeing newbie fall alot because of their irresponsible investments .